Flutterwave’s Head of Risk, Africa, Emmanuel Efenure, has said that fintech companies and banks are in the business of trust building as they build financial solutions that enable payments
Head of Risk, Africa, Emmanuel Efenure, has said that fintech companies and banks are in the business of trust building as they build financial solutions that enable payments. He added that creating a successful payment ecosystem that protects consumers and enables businesses to thrive requires that all stakeholders including regulators work together towards strengthening consumers’ trust.
Formed in 2008, CeBIH seeks to achieve the primary objective of promoting electronic banking services in line with global practices by serving as a forum for Heads of e-Business/e-Payments in Nigerian deposit-money banks to share ideas and experiences. This year’s event, which had Flutterwave as a Premium Sponsor shows the company’s renewed commitment to create a safe and secure digital payments ecosystem for all Nigerians.
Emmanuel noted that the keynote addresses and remarks delivered prior to the panel session reemphasized that no one or company is immune to fraud. He said, “Fraud is real, and the industry must understand that. The reality is that irrespective of whether you are a bank or a fintech, you are not immune. The 238% increase in cyberattacks in the global financial sector in 2020, is a vivid reminder.” He also added that N3.
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